Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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- Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Reportable Segments
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Present Value of Free Cash Flow to Equity (FCFE)
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Analysis of Debt
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Nike Inc., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2025-05-31), 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31).
Analysis of the financial performance reveals several notable trends over the given periods. Net income demonstrates significant fluctuations with an initial increase from 2,539 million US dollars in 2020 to a peak of 6,046 million US dollars in 2022. However, it subsequently declines to 5,070 million in 2023 before partially recovering to 5,700 million in 2024 and then sharply falling to 3,219 million in 2025, indicating volatility in profitability.
The change in net foreign currency translation adjustment displays considerable variability, alternating between positive and negative values. This suggests exposure to foreign exchange risks and fluctuating impacts on the company’s financial position due to currency movements. Notably, periods like 2021 and 2023 experienced positive adjustments, whereas 2020 and 2022 saw substantial negative impacts.
The change in net gains (losses) on cash flow hedges is highly inconsistent, evidencing both significant gains and losses across years. For instance, there is a large negative value in 2021 (-825 million US dollars) followed by a large positive value in 2022 (1,214 million US dollars), suggesting potentially aggressive or volatile hedging strategies that influence comprehensive income.
Changes in net gains (losses) on other comprehensive income components remain relatively minor and show no clear trend, fluctuating slightly around zero. This indicates these items have minimal impact on overall comprehensive income.
Other comprehensive income (loss), net of tax, reflects a pattern of losses in the early years, an improvement with positive values in 2022, followed by renewed losses in subsequent years. This volatility contributes to fluctuations in comprehensive income, which itself shows a corresponding pattern: growing significantly from 2,252 million US dollars in 2020 to a high of 6,744 million in 2022, declining thereafter to 2,908 million in 2025.
- Summary of Key Trends
- Net income exhibits significant fluctuations, with notable peaks and declines, suggesting volatility in earnings.
- Foreign currency translation adjustments show alternating positive and negative impacts, indicating currency risk exposure.
- Cash flow hedge gains and losses are highly variable, reflecting potentially aggressive hedging strategies affecting financial outcomes.
- Other comprehensive income components have minimal effect and display no consistent trend.
- Overall comprehensive income trends closely mirror net income movements, affected also by volatile other comprehensive income elements.